Watch the Investment Markets Closely Today

DonDiego opines there may be some "Brexit-Like" investment opportunities, . . . based upon President Elect Trump.
True that the day after election day often sees some swings in the Dow Jones Industrial Average.

Election Winner...............Election Day....... % change day after Election Day

Barack Obama (D)...........11/4/2008............ -5.27
Harry S. Truman (D)........11/2/1948............ -4.61
Franklin D. Roosevelt (D)..11/8/1932.............-4.42
Franklin D. Roosevelt (D)...11/5/1940............-3.32
Surprisingly, overall the markets are holding up pretty well.

"Infrastructure" stocks are jumping up, . . . on expectations of Congressional approval of big projects.

Gun-manufacturers are falling substantially, like Sturm-Ruger down 10% as DonDiego types. [Apparently experts suppose people won't feel the need to arm themselves with The Hillary out of the picture.]
Prescption drug stocks are doing very well in anticipation of even greater profits. I wonder why? I thought Trump was going to save us all this money on health care.

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Originally posted by: malibber2
Prescption drug stocks are doing very well in anticipation of even greater profits. I wonder why? I thought Trump was going to save us all this money on health care.
Maybe they will get life saving drugs to market sooner with less bureaucratic red tape? Or maybe it's because California's Prop 61 failed (Drug companies pumped $150 million into opposition) Or maybe it's just because these are safe haven stocks.

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Originally posted by: DonDiego
Surprisingly, overall the markets are holding up pretty well.

"Infrastructure" stocks are jumping up, . . . on expectations of Congressional approval of big projects.

Gun-manufacturers are falling substantially, like Sturm-Ruger down 10% as DonDiego types. [Apparently experts suppose people won't feel the need to arm themselves with The Hillary out of the picture.]


True that! And watch how fast Republicans everywhere will quickly adopt Keynsian economics after spending 8 years blasting it. Suddenly "infrastructure" wont be a 4 letter word. And thats a good thing.

If they decide to pay for it (a big if) They'll likely be offering tax amnesty to companies with money held in tax havens overseas - but clearly the public doesn't mind. They just elected someone who hasn't paid taxes since Seinfeld was on TV.
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Originally posted by: alanleroyII
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Originally posted by: malibber2
Prescption drug stocks are doing very well in anticipation of even greater profits. I wonder why? I thought Trump was going to save us all this money on health care.
Maybe they will get life saving drugs to market sooner with less bureaucratic red tape? Or maybe it's because California's Prop 61 failed (Drug companies pumped $150 million into opposition) Or maybe it's just because these are safe haven stocks.


Testing drugs before they go to market to make sure they don't kill someone is such a horrible idea. Your right it should be eliminated.
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Originally posted by: malibber2
Quote

Originally posted by: alanleroyII
Quote

Originally posted by: malibber2
Prescption drug stocks are doing very well in anticipation of even greater profits. I wonder why? I thought Trump was going to save us all this money on health care.
Maybe they will get life saving drugs to market sooner with less bureaucratic red tape? Or maybe it's because California's Prop 61 failed (Drug companies pumped $150 million into opposition) Or maybe it's just because these are safe haven stocks.


Testing drugs before they go to market to make sure they don't kill someone is such a horrible idea. Your right it should be eliminated.
Where did I say 'testing should be eliminated?' What you never hear about is how many Americans die needlessly because of the FDA’s delay in approving lifesaving drugs. I guess that means you must support Americans needlessly dying.

One example of many

I think the biggest boon for American prescription drug users would be if we could buy prescription drugs from approved international sources over the Internet. Too bad our politicians don't want real competition.

But back to the topic at hand, I do think there will be some hard times economically. Would have been so with Clinton too. Keep your powder dry and there'll be some investment opportunities over the next year or so. I truly believe stocks are overvalued and have been for some time.
I'm not sure sure describing an event that has happened once in the past 68 years as often, but it's a brave new world . Words, and even deeds , seem to be meaningless.
Mally proves once again that he views the economy as a static creature, which can only be so big. Mally believes that if one person takes a large piece of the pie, then their must be less pie for others. The Donald and Boilerman both believe in making the pie larger, allowing all to eat more.

Trump and Boiler have jobs which create wealth for all involved, while Hillary has spent her entire life consuming and distributing wealth created by others. Folks like that don't understand how and why wealth is created.



Quote

Originally posted by: malibber2
Prescption drug stocks are doing very well in anticipation of even greater profits. I wonder why? I thought Trump was going to save us all this money on health care.


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